Ferrari (NYSE:RACE – Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Ferrari (NYSE:RACE – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.08. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Ferrari had a net margin of 21.42% and a return on equity of 43.94%. On average, analysts expect Ferrari to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Ferrari Stock Down 0.3 %
Shares of NYSE:RACE opened at $410.46 on Wednesday. Ferrari has a 1-year low of $285.02 and a 1-year high of $442.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 3.25 and a current ratio of 4.18. The company has a 50 day moving average price of $417.46 and a 200 day moving average price of $408.56.
Analyst Ratings Changes
View Our Latest Stock Report on RACE
About Ferrari
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
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